Examples of Contractual Partner in a sentence
The affected Contractual Partner will take actions immediately in order to restart the process of electronic data exchange.
If the aforementioned technical, economic, organisational or legal preconditions, under which the Agreement is agreed upon, are changed fundamentally, each Contractual Partner may demand, that this Agreement is amended and/or altered accordingly by maintaining the economic synallagma and/or that this Agreement is transferred into an agreement that meet the requirements of these changes.
The liability of the Contractual Partner according to number 2 in respect of property damages caused with gross negligence shall be limited to 1 (in words: one) million euro damaging event subject to number 4.
The Contractual Partner affected by force majeure, governmental or court measures or other circumstances according to number 1 shall immediately and fully inform the other Contractual Partner of the disruption.
Compensation claims that are based on gross negligence shall be time barred after the expiry of one year from the date on which the Contractual Partner has gained knowledge of the damage and of the circumstances justifying the claim, at the latest three years after the occurrence of the damaging event.
The Contractual Partner shall be entitled, with the consent of the other Contractual Partner, to assign the entire contractual relationship or singular contracted Storage Capacities according to Appendix A, consisting of Working Gas Capacity, Injection and Withdrawal Rate, with the associated rights and obligations arising from this Agreement to a third party.
The corresponding obligations of the other Contractual Partner shall not apply accordingly.
If the other Contractual Partner fails to comply with the order to nominate an arbitrator within four weeks or if the arbitrators do not select their chairman within four weeks from the second arbitrator being nominated, either Contractual Partners may apply to the President of the Higher Regional Court [Oberlandesgericht] Celle to propose the second arbitrator or chairman respectively; the proposal is binding upon the Contractual Partners.
The Contractual Partners shall be liable to each other for physical damage as far as this damage is caused by the Contractual Partner, its statutory representative or vicarious agent acting with wrongful intent or with negligence.
The other Contractual Partner must be advised about this matter accordingly.